One Capital Management LLC boosted its stake in Xilinx, Inc. (NASDAQ:XLNX) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 33,270 shares of the programmable devices maker’s stock after buying an additional 412 shares during the period. One Capital Management LLC’s holdings in Xilinx were worth $2,140,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of XLNX. TrimTabs Asset Management LLC increased its position in Xilinx by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,989 shares of the programmable devices maker’s stock valued at $115,000 after buying an additional 936 shares during the last quarter. Whittier Trust Co. increased its position in Xilinx by 16.8% in the first quarter. Whittier Trust Co. now owns 2,683 shares of the programmable devices maker’s stock valued at $155,000 after buying an additional 386 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Xilinx by 9,866.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,691 shares of the programmable devices maker’s stock valued at $156,000 after buying an additional 2,664 shares during the last quarter. Huntington National Bank increased its position in Xilinx by 217.1% in the second quarter. Huntington National Bank now owns 2,794 shares of the programmable devices maker’s stock valued at $180,000 after buying an additional 1,913 shares during the last quarter. Finally, First Mercantile Trust Co. increased its position in Xilinx by 12.0% in the first quarter. First Mercantile Trust Co. now owns 3,013 shares of the programmable devices maker’s stock valued at $174,000 after buying an additional 324 shares during the last quarter. 92.39% of the stock is owned by hedge funds and other institutional investors.
Xilinx, Inc. (NASDAQ XLNX) traded up 0.80% during midday trading on Tuesday, reaching $61.62. The company’s stock had a trading volume of 209,988 shares. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 26.33 and a beta of 1.09. Xilinx, Inc. has a 12 month low of $48.75 and a 12 month high of $68.68. The stock’s 50-day moving average price is $64.15 and its 200-day moving average price is $62.18.
Xilinx (NASDAQ:XLNX) last posted its earnings results on Wednesday, July 26th. The programmable devices maker reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm had revenue of $615.40 million for the quarter, compared to the consensus estimate of $615.69 million. Xilinx had a net margin of 26.22% and a return on equity of 24.70%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Analysts predict that Xilinx, Inc. will post $2.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Thursday, August 10th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, August 8th. Xilinx’s payout ratio is 60.09%.
Several research firms have weighed in on XLNX. BidaskClub downgraded Xilinx from a “hold” rating to a “sell” rating in a research report on Saturday. Raymond James Financial, Inc. reissued a “hold” rating on shares of Xilinx in a research report on Thursday, July 27th. Mizuho reissued a “neutral” rating and set a $69.00 price target (up previously from $68.00) on shares of Xilinx in a research report on Thursday, July 27th. Barclays PLC raised Xilinx from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $53.00 to $60.00 in a research report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Xilinx from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $64.57.
In other Xilinx news, CFO Lorenzo Flores sold 9,600 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $66.69, for a total transaction of $640,224.00. Following the transaction, the chief financial officer now directly owns 19,058 shares of the company’s stock, valued at $1,270,978.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Scott Hover-Smoot sold 12,143 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $62.17, for a total transaction of $754,930.31. Following the transaction, the senior vice president now directly owns 41,869 shares in the company, valued at $2,602,995.73. The disclosure for this sale can be found here. Insiders have sold 37,531 shares of company stock worth $2,395,798 over the last three months. Company insiders own 0.40% of the company’s stock.
Xilinx, Inc (Xilinx) is engaged in designing and developing programmable devices and associated technologies. The Company’s programmable devices and associated technologies include integrated circuits (ICs) in the form of programmable logic devices (PLDs), including programmable System on Chips (SoCs) and three-dimensional ICs (3D ICs); software design tools to program the PLDs; targeted reference designs; printed circuit boards, and intellectual property (IP), which consists of Xilinx, and various third-party verification and IP cores.
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